Dawson, John; Millsaps, Steven; Strazicich, Mark - In: Applied Economics 39 (2007) 1, pp. 43-51
We estimate a model of the black market premium for dollars in Yugoslavia from 1974 to 1987. Unlike previous applications of the model, our analysis addresses non-stationarity in the underlying data by allowing for trend breaks. Endogenous structural break tests indicate the presence of breaks...